Trump considers delisting Chinese firms from U.S. markets: sources

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President Donald Trump’s administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.

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WASHINGTON (Reuters) – President Donald Trump’s administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.

FILE PHOTO: U.S. President Donald Trump arrives for a photo opportunity with sheriffs from across the country on the South Lawn of the White House in Washington, U.S., September 26, 2019. REUTERS/Erin Scott

U.S. hedge fund manager Kyle Bass, a prominent critic of China, said on Friday that Chinese companies should have to play by U.S. rules if they want to sell to U.S. investors.

“The U.S. should require any securities sold in the US to adhere to US Securities Laws. Crazy huh?” Bass wrote on Twitter.

Reporting by Alexandra Alper, Patricia Zengerle, Chris Sanders and in Washington and Shubham Kalia, Supantha Mukherjee and Ambar Warwick in Bengaluru; Writing by Sonya Hepinstall; Editing by Arun Koyyur, Patrick Graham and Daniel Wallis


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Author:

President Donald Trump’s administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.

Source: {authorlink}

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